Hawaiian Electric Industries - Kansas City, MO
posted 4 months ago
As an Underwriter II at North American Savings Bank (NASB), you will play a pivotal role in our Mortgage Operations team, focusing on evaluating loan applications and making informed credit decisions. Our mission is to create exceptional experiences for our customers, helping them achieve their dreams, whether it's buying their first home or planning for retirement. We pride ourselves on delivering best-in-class customer service and the right financial solutions, and we are looking for individuals who share our passion for making a difference in the lives of others. In this role, you will be responsible for reviewing both Non-QM and Agency loans, ensuring that we provide solutions to borrowers who may fall outside traditional mortgage guidelines. You will work closely with our sales and operations teams to complete all necessary underwriting tasks from initial loan approval through to closing. Your expertise will directly impact the success of our lending operations, and you will be expected to manage an individual pipeline daily, completing initial underwriting and condition reviews within established service level agreements (SLAs). Your responsibilities will include comparing loan files submitted by loan officers and processors to program guidelines, verifying Loan-to-Value (LTV), FICO scores, and Debt-to-Income (DTI) ratios, and evaluating financial risks associated with Non-QM loans. You will also approve or reject loan applications in adherence to company policies and guidelines, evaluate borrower profiles, and work with processing and closing departments to ensure all underwriting conditions are met prior to closing the loan. Additionally, you will assist loan officers, processors, and closers in meeting closing deadlines and resolving any post-close suspense items relating to underwriting errors. As a Non-QM expert, you will specialize in NASB's Non-QM lending products, including Bank Statement Loans, DSCR, Asset Depletion, Jumbo loans, and other non-conventional financing options. You will need to understand the nuances of Non-QM underwriting, handle complex scenarios, and maintain effective communication with all stakeholders throughout the mortgage process. Continuous learning and adaptation to industry changes will be essential to ensure compliance with NASB internal guidelines and investor requirements.